Hurricane Energy Share Discussion Threads

[ngms27] 19/1/2021 10:50

LFDKMP, I'm just saying what the 9/11 RNS stated around the cores. It would have been madness to flow test a zone with < 1% oil content.

This information as far as I can tell wasn't provided to shareholders until the kitchen sinking, this information for my part would have set the alarm bells ringing way before water started showing in the wells, before any development as it would take a very special explanation to suggest this wasn't residual oil underneath a shallower OWC.

[thegreatgeraldo] 19/1/2021 09:15

TRADOIL
19 Jan '21 - 09:05 - 22997 of 22997
0 1 0

. This poster just enjoys other peoples misfortune. This poster is lonely ...

...Ever thought of getting a pet?

[tradoil] 19/1/2021 09:05

I thought you were going to bore off until the CPR? Jigsaw finished ? A reminder to all, this poster is not invested . This poster just enjoys other peoples misfortune. This poster is lonely ...

[thegreatgeraldo] 19/1/2021 09:05

cashisking76, back2basics1, bearnecessities33, Onlylongterm9, etc.......do you guys know one another? If not, I reckon you should meet up, you all seem to think along the same lines......

[lfdkmp] 19/1/2021 09:03

What are you implying ngms, - that it was something more sinister than error?

[ngms27] 19/1/2021 09:01

Why would he flow test when cores showed less than 1% oil below the new OWC?It's far worse than some dare imagine.

[lfdkmp] 19/1/2021 08:56

tgg

As you say what a whopper.

I suspect I am not alone in giving far far too much credence to his continuing confirmations that all was well.

"They will see". Seems "they" were right to be sceptical.

[ngms27] 19/1/2021 08:56

Get a sense of humour man, it's pure banter. FWIW I cannot stand Champagne or Fizzy water.

[bearnecessities33] 19/1/2021 08:51

Dr. T gone, and IMO, now finally a much better/right CEO for HUR is in place, and hence, results will speak for themselves from this year and beyond, DYOR.

[lfdkmp] 19/1/2021 08:43

I haven't been on this thread for a while.

What happened to Robert Trice. Did he slink bask to his shed with his reputation in tatters?

Will anyone in the oil industry take him seriously again?

[monkeybusiness1] 19/1/2021 08:41

ngms, reading your comment here, I truly feel sorry for you and sincerely hope that you get the help which you obviously now very much require.

[ngms27] 19/1/2021 08:33

When HUR capitulates I'll treat myself to a glass of Perrier water in memory

[bocase] 19/1/2021 07:53

...and in the press today, Biden may rescind licence for oil pipeline severely limiting supply from Canadian oil sands.

[back2basics1] 19/1/2021 07:15

Interesting read/Bloomberg article just out today (and Brent is also up so far today):

“Investors Flock Back Into Oil for Reflation Trade, Hedging”
“Brent, WTI futures holdings at highest level since May”
“Some investors making inflation trades, others hedge supply”
“Investors and oil companies are rushing back into the crude market.”

[leoneobull] 19/1/2021 05:07

tournesol if HUR recovers, I will buy a bottle of Dunning Kruger if that helps.

[yasx] 19/1/2021 01:45

tournesol15 Jan '21 - 11:36 - 22899 of 22982
....have a particular interest in the E&P sector and are interested in the Dunning Kruger effect and its materialisation in investor behaviour."

tournesol14 Jan '21 - 10:52 - 22851 of 22982
"...Most on here lost a small fortune…."
Speak for yourself Leo. My own loss was far from small.

------------------------

A classic example of the Dunning Kruger effect - lecturing to others with supposed precision on the likely denouement for the shares having by his own admission got his trading of the same completely wrong!!

Hope that helps. I have no position in HUR.

[thegreatgeraldo] 18/1/2021 17:09

thefrontdoor
18 Jan '21 - 16:53 - 22980 of 22980
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the greatgeraldo..


'..An average rate of 11kbopd for 2021..'

So with stakeholder negotiations currently ongoing...what do you think they'll do about it?

...That 11k bopd is a projection......may be there or thereabouts, could be wildly optimistic.....who knows?!

What they deperatelt need is for Lancs to be cashflow neutral at worst for 2021, if well 6 hits a major problem HUR are in trouble.

Then they've got to bite the bullet & decide on any remedial action...& hope any well 7z ST is drilled problem free into a productive zone (not a given). Around the same time as committing to drill, they need to sort the FPSO lease - maybe get some flexibility from Bluewater in return for bigger revenue split?

& of course, they'll want to keep the CB holders on side......maybe by tapping equity holders for a wad of cash to part retire & mainly extend the CBs.......with a much lower conversion rate.

All the time hoping the OP stays at or above current levels


(edit) PS......Thinking about it, 11k bopd as a 2021 average for well 6 does seem very much a best case scenario....... & maybe not too realistic ?

[thefrontdoor] 18/1/2021 16:53

the greatgeraldo..


'..An average rate of 11kbopd for 2021..'

So with stakeholder negotiations currently ongoing...what do you think they'll do about it?

[jotoha2] 18/1/2021 14:23

Keep pushing baby , u know its good for u.

[thegreatgeraldo] 18/1/2021 12:56

Steve73
18 Jan '21 - 11:07 - 22976 of 22977
0 1 1


An average rate of 11kbopd for 2021, with a starting rate of c. 12 suggests that we'll be at around 10kbopd by year end, if we assume linear decline. Borderline breakeven and highly dependent on oil price...

...I have mentioned it once or twice - HUR are very exposed to the performance of a single well ...& the OP obv. At least the FPSO has been very reliable.

[thegreatgeraldo] 18/1/2021 11:10

Nothing new about well 6 being choked back....... announced by the company,

...." In early November 2020, the Company decided to limit production to approximately 12,000 bopd for reservoir evaluation and management purposes and aims to maintain production around this level in the near-term."

18 Dec RNS

[steve73] 18/1/2021 11:07

ghh... I'd missed that comment on the choking.. thanks.

An average rate of 11kbopd for 2021, with a starting rate of c. 12 suggests that we'll be at around 10kbopd by year end, if we assume linear decline. Borderline breakeven and highly dependent on oil price... and that depends on OPEC continuing to play ball as I don't see global demand making much of a recovery.

[thegreatgeraldo] 18/1/2021 10:47

What we don't know is the % contribution from the sandstones and how this impacts water cut going forward. Is this not fundamental to any analysis?

.....or how the sandstone is behaving..it's uncased, so _could_ be liable to erode

[thegreatgeraldo] 18/1/2021 10:46

But Hannam's latest note:

The current production of 12.1kbbl/d and water cut of ~25% remains steady.

....It's not steady........


18 Dec RNS........... "The 205/21a-6 well is currently producing at c.12,300 bopd on artificial lift with a c.23% water cut"

14 Jan RNS.......... " The Lancaster field continues to produce from the 205/21a-6 well alone, with current production of c. 12,100 bopd on artificial lift and a water cut of c.25%. "..........